China CITIC Financial Asset Management (2799) H2 2025 earnings summary

Executive summary

• Achieved total revenue of RMB80.48 billion in 2025, up 43% year-over-year after adjusting for one-off factors.

• Net profit attributable to equity holders reached RMB11.09 billion, up 17% year-over-year excluding Financial Leasing.

• ROAE improved to 18.7% and ROAA to 0.93%, both increasing from 2024.

• Distressed asset ratio and balance declined for the third consecutive year, with asset quality further solidified.

• Share price rose 28% and market value increased by 544% from historical low.

Financial highlights

• Total income: RMB80.48 billion, up 43% year-over-year after adjustments.

• Net profit attributable to equity holders: RMB11.09 billion, up 15.3% year-over-year.

• Basic and diluted EPS: RMB0.13 (2025), up from RMB0.11 (2024).

• Total assets: RMB1,057.02 billion, up 7.4% from 2024.

• Total liabilities: RMB1,003.88 billion, up 7.4% from 2024.

• Capital adequacy ratio: 16.52% (2025), up from 15.69% (2024).

Outlook and guidance

• Expects continued robust demand for distressed asset management amid economic transformation.

• Regulatory focus on high-quality development and risk mitigation in the AMC sector.

• Strategic roadmap: consolidate benchmark status in one year, establish industry benchmark in two years, build outstanding brand in five years.

• Plans to further enhance core business capabilities, digital transformation, and talent development.